The Latest Spanish Property News from Kyero.com

A mixed bag of cheery items from this week's news - each affecting the Spanish property market.

In a month's time, A Place in the Sun will be holding an auction for 60 lots of key-ready properties on the Costa Blanca, Costa del Sol and Costa Calida.

They will be discounted by up to 50% and in some cases they will have no minimum price at all.

The catalogue is a very comprehensive document and contains some great information about how the auction process works together with information about the individual properties.

Personally, I believe these type of key-ready properties are likely to be the best Spanish property buys at the moment. If you are serious about buying in Spain, make sure you put the auction in your diary.

In the news this week was the proposed consolidation of British Airways and Iberia - Spain's largest carrier. It's early days yet, but perhaps their combined forces might increase the number and choice of flights to Spain in the future. More information about the deal from Expatica.

Another item caught my eye this week. Hands up who knew that Spain was pioneering the way in Wind-power?

Sure, I've seen lots of windmills everywhere - particularly in the foothills of Granada - but I had no idea Spain's capacity for wind-generated-power was quite so impressive.

According to this article, over 50% of Spain's power needs could be supplied by windmills working at their peak capacity. Trailing only the USA and Germany in capacity, Spain seems to have found something it can be world-class at.

Remember my strange article of a few weeks ago? Perhaps Spain could divert its labour subsidies away from digging up roads to creating employment related to clean energy production? Just a thought.

Back to the Spanish property market, I wrote a quick summary of the latest TINSA report and why it's heartening for a couple of reasons.

Martin Dell, Kyero.com

Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?